Wednesday, October 24, 2007

Casino King "Cashes in his Chips"

Just before noon yesterday, Lim Goh Tong, Malaysia's casino king ''cashes in'' at 90 years old.

A wise man, he has put Kok Thay in the leadership pole position in favour of his other children.

An ally of the Tengku, he took the challenge to build a casino in the sky and succeeded. He has left a legacy for the next generation to build upon.

Lim is one of the richest people in Malaysia, with an estimated wealth of $4.3 billion.

His Genting Group has diversified interests in gaming, hotels and cruise lines from Britain to Hong Kong.

Will we see a more aggressive move form Kok Thay now that his father is no longer the overseeing advisor?

Already Genting shares have upped 40 sen this morning to hail the passing of the Great Founder.

May he rests in peace!

Heartsong


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